Post by : Bianca
Haleem
Dubai Aerospace Enterprise (DAE) showcased impressive financial results for the first quarter ending March 31, 2026, reflecting continued momentum in both revenue and profit.
The firm generated total revenue of $455.5 million, a significant rise from $395.9 million during the same timeframe last year. Profit before tax surged to $120.4 million, up from $101.2 million.
DAE’s profit margin improved to 26.4%, while the return on equity stood steady at 13.0%. Operating cash flow registered at $296.3 million, a dip from last year’s $344.7 million.
By March 31, 2026, total assets amounted to $16.3 billion. Net loans and borrowings declined to $9.9 billion, while available liquidity soared to $4.5 billion, up from $3.4 billion at 2025's conclusion.
The firm’s financial position showed further improvement with a net debt-to-equity ratio of 2.50x and unsecured debt at 88.5%. The liquidity coverage ratio significantly increased to 1,089%, underscoring robust financial stability.
Business Highlights
In this quarter:
DAE acquired 9 aircraft and divested 15.
Finalized 64 lease agreements and amendments.
Total aircraft fleet reached 663.
DAE Engineering conducted approximately 500,000 man hours and 69 maintenance checks.
Additionally, the company secured new long-term unsecured credit facilities totaling $2.8 billion.
A landmark moment was the acquisition deal for 100% of Macquarie AirFinance Limited, valued at about $7 billion, anticipated to include roughly 350 aircraft into DAE's fleet.
DAE also achieved a credit rating upgrade to ‘A-’ from KBRA, signifying its strong operational performance and continued growth.
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